NXT :: descendant of Bitcoin - Updated Information

[lurning]

Are stealth adresses an issue for Nxt?

So far every transaction can be followed back, so the focus is on transparency. Is this wanted or should the focus be on anonymity?

Nxt already implemented this via Alias System. All that u need is to put into URI an encrypted account.

Thanks for the reply...is this what was meant by "mixing" before? And what is an encrypted account? If you got a link to the wiki or something I will of course help myself

[Come-from-Beyond]

Thanks for the reply...is this what was meant by "mixing" before? And what is an encrypted account? If you got a link to the wiki or something I will of course help myself

This is not mixing. This is stealth accounts.

[Secondleo]

For widespread adoption of this, you need the backing of governments. Not the banks, but the authorities.

Nxt is government-incompatible. U should stick to fiat if u need compatibility.

Nah, don't need it. And on the other hand. Money is being transferred unseen of the government all the time by big players. NXT just levels the playing field for everyone.

[notsoshifty]

Thanks for the reply...is this what was meant by "mixing" before? And what is an encrypted account? If you got a link to the wiki or something I will of course help myself

This is not mixing. This is stealth accounts.

Do you have more details or a link on these stealth accounts, how they work, how a client/end-user uses them?

[pinarello]

You can now vote for(24h):


Reward social media:

https://bitcointalk.org/index.php?topic=418521.new#new


sites already rewarded.

https://bitcointalk.org/index.php?topic=345619.msg4543600#msg4543600



Pin

[Come-from-Beyond]

Thanks for the reply...is this what was meant by "mixing" before? And what is an encrypted account? If you got a link to the wiki or something I will of course help myself

This is not mixing. This is stealth accounts.

Do you have more details or a link on these stealth accounts, how they work, how a client/end-user uses them?

No details nor links. It's very simple and already explained.

[Come-from-Beyond]

You can now vote for(24h):


Reward Sites:

https://bitcointalk.org/index.php?topic=418517.new#new

Reward global media:

https://bitcointalk.org/index.php?topic=418521.new#new


Pin

Site owners were already rewarded.

[NxtChoice]

no I am figuring all of this out on my own right now actually.  Are u talking of gavin andresen?  smart guy he would have seen through this.  Look, crypto currencies and transaction systems have been around a long time.  Satoshi's breakthrough was basing crypto currency on an unsolvable problem.  This made them scarce.  

Yes, I'm talking about gavin andresen. This was his point of view.

Let's continue the discussion...

U said

NXT ISNT BASED ON MINING SO THE ENTIRE THING IS COPY AND PASTABLE!!!!

Does it mean that original of



isn't worth a lot?

can this be copied perfectly an infinite number of times?

Yes. U have just done it when quoted my post.

ok, i edited before you replied and u decided to ignore.  NO, the original Mona Lisa cannot be perfectly copied and infinite number of times.  

Furthermore, the image posted in your response is worthless.  Did you pay for it?  NO.  You copied and pasted it for free.  The digital image of the mona lisa is worthless because it is infinitely copyable.

The original painting of the Mona Lisa is very expensive because it is ONE OF A KIND AND NOT INFINITELY COPYABLE.  

Will you copy Nxt code and then pay $$$ to me or other people? The original invention and implementation of Nxt is very expensive because it is ONE OF A KIND AND NOT INFINITELY COPYABLE.  

What does this mean? please speak english.  How is it not infinitely copyable?

I didn't think you are such an idiot! You can't speak what you define! Can Nxt be infinitely copyable? What a joke! You copy it, and those 73 founders get what you think $$$$

[notsoshifty]

Thanks for the reply...is this what was meant by "mixing" before? And what is an encrypted account? If you got a link to the wiki or something I will of course help myself

This is not mixing. This is stealth accounts.

Do you have more details or a link on these stealth accounts, how they work, how a client/end-user uses them?

No details nor links. It's very simple and already explained.

I guess I'm not so smart to have understood it already. Please elaborate for us mortals!

You said you can use an alias with an encrypted account:
 - If the mechanism is "client looks up alias, client decrypts encrypted account somehow, client sends to this now-decrypted account", then only the nodes that can decrypt this encrypted account can see the actual target account. But still the transaction that takes place is a normal transaction from account A1 to account A2, all of which is visible to everyone just like normal transactions are now. No stealth going on?
 - If the mechanism is "send to alias", with the network doing the lookup of alias to account (which isn't implemented yet anyway), then how does the network do the decryption in such a way that stealth is going on? How do all nodes verify this transaction and maintain all account balances, if they can't decrypt?

Maybe I'm just too dumb... confused, sorry. I'd just like to understand how stealth accounts work.

[Damelon]

You can now vote for(24h):


Reward Sites:

https://bitcointalk.org/index.php?topic=418517.new#new

Reward global media:

https://bitcointalk.org/index.php?topic=418521.new#new


Pin

Site owners were already rewarded.

When?

[Mac Red]

You can now vote for(24h):


Reward Sites:

https://bitcointalk.org/index.php?topic=418517.new#new

Reward global media:

https://bitcointalk.org/index.php?topic=418521.new#new


Pin

Site owners were already rewarded.

When?

^ What he said.

[xgc]

 Please explain what prevents somebody from copying and pasting the Nxt source to make Nxt1, Nxt2, Nxt3, Nxt4 …. ??

There is nothing preventing someone from making an alt-coin based on 100% POS.  BTC is the first cyrptocurrency to use POW to decentralize information.  NXT is the first 100% POS to decentralize information.

How many POW alt-coins have a current market cap larger than the first POW based coin BTC?  None.
So its up to you to consider how many 100% POS alt-coins will have a larger market cap than NXT?

I really don't see it.  NXT is unique just like BTC is.

Only time will tell.

"NXT is unique just like BTC is."

How about Virtual Rubl ?     is it the 1st cryptocurrency for that language area ?

So BTC uses POW to decentralize.. NXT uses POS.  Virtual RUBL uses what to decentralize information?

[Come-from-Beyond]

- If the mechanism is "client looks up alias, client decrypts encrypted account somehow, client sends to this now-decrypted account", then only the nodes that can decrypt this encrypted account can see the actual target account. But still the transaction that takes place is a normal transaction from account A1 to account A2, all of which is visible to everyone just like normal transactions are now. No stealth going on?

Right, this way. It works as described in that article.

[Coinonaer]

You can now vote for(24h):


Reward social media:

https://bitcointalk.org/index.php?topic=418521.new#new


sites already rewarded.

https://bitcointalk.org/index.php?topic=345619.msg4543600#msg4543600



Pin

Thank you Pin, I highly appreciate your effort here! 

[apenzl]

You can now vote for(24h):


Reward social media:

https://bitcointalk.org/index.php?topic=418521.new#new


sites already rewarded.

https://bitcointalk.org/index.php?topic=345619.msg4543600#msg4543600



Pin

Thanks, pin. 
Join the movement @ https://www.facebook.com/nxtmag … still growing.

[Passion_ltc]

- If the mechanism is "client looks up alias, client decrypts encrypted account somehow, client sends to this now-decrypted account", then only the nodes that can decrypt this encrypted account can see the actual target account. But still the transaction that takes place is a normal transaction from account A1 to account A2, all of which is visible to everyone just like normal transactions are now. No stealth going on?

Right, this way. It works as described in that article.

But this way the sender don't know the real address BEFORE. But after he knows it, because it became a normal transaction. Nothing spectacular?

[Come-from-Beyond]

Site owners were already rewarded.

When?

Few days ago. 50, 30, 20 kNXT were sent.

[Come-from-Beyond]

So BTC uses POW to decentralize.. NXT uses POS.  Virtual RUBL uses what to decentralize information?

RUB will work on top of Nxt infrastructure.

[Mac Red]

Site owners were already rewarded.

When?

Few days ago. 50, 30, 20 kNXT were sent.

Huh? To whom?
I decided to list myself for the poll since I have not recieved anything for my contributions (that was the point of it). What a huge anticlimax to see it closed.

[Come-from-Beyond]

But this way the sender don't know the real address BEFORE. But after he knows it, because it became a normal transaction. Nothing spectacular?

1. Sender knows the alias
2. Sender gets the URI
3. Sender decrypts the URI
4. Sender sends coins
5. Recipient changes the URI
6. Sender #2 knowns the alias...